VISHA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
VISHA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,558
2024 · -€24,232+€17,674
Equity
€3.0m
2024 · €3.0m-€6,558
Cash
€1,281
2024 · €1,367-€86
Balance sheet total
€6.7m
2024 · €6.8m-€88,890
Largest movements
Assets
- Tangible fixed assets -€89,522
down €89,522 (-2.0%), from €4.5m to €4.4m
Equity and liabilities
- Debts after one year -€111,480
down €111,480 (-3.4%), from €3.3m to €3.2m
of which Financial debts: -€111,480
Income statement
- Gross operating margin +€12,674
up €12,674 (+8.3%), from €151,976 to €164,650
- Taxes -€6,058
new in 2025: -€6,058
- Financial charges +€1,765
up €1,765 (+2.2%), from €81,785 to €83,550
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€24,232
Gross operating margin
+€12,674
Other operating charges
+€554
Financial income
+€153
Financial charges
-€1,765
Taxes
+€6,058
Result 2025
-€6,558
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€109,024
Investment
+€1
Financing
-€109,111
Cash 2024
€1,367
From operations (derived)
+€109,024
Net result for the year
-€6,558
Depreciation
+€89,521
Receivables within one year
-€758
Deferred charges and accrued income
+€40
Other debts
+€26,779
Investment (derived)
+€1
Investment in fixed assets (net)
+€1
Financing
-€109,111
Debts after one year
-€111,480
Current portion of long-term debt
+€2,369
Cash 2025
€1,281
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,828,413 | €6,739,523 | -€88,890 | -1.3% |
| Fixed assets | 21/28 | €6,777,034 | €6,687,512 | -€89,522 | -1.3% |
| Tangible fixed assets | 22/27 | €4,507,034 | €4,417,512 | -€89,522 | -2.0% |
| Land and buildings | 22 | €4,507,034 | €4,417,512 | -€89,522 | -2.0% |
| Financial fixed assets | 28 | €2,270,000 | €2,270,000 | = | 0.0% |
| Current assets | 29/58 | €51,379 | €52,011 | +€632 | +1.2% |
| Amounts receivable within one year | 40/41 | €49,746 | €50,504 | +€758 | +1.5% |
| Other amounts receivable | 41 | €49,746 | €50,504 | +€758 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,367 | €1,281 | -€86 | -6.3% |
| Deferred charges and accrued income | 490/1 | €266 | €226 | -€40 | -15.0% |
| Total equity and liabilities | 10/49 | €6,828,413 | €6,739,523 | -€88,890 | -1.3% |
| Equity | 10/15 | €3,017,642 | €3,011,084 | -€6,558 | -0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €3,500,000 | €3,500,000 | = | 0.0% |
| Reserves | 13 | €45,398 | €45,398 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,539 | €43,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€546,348 | -€552,906 | -€6,558 | -1.2% |
| Amounts payable | 17/49 | €3,810,771 | €3,728,439 | -€82,332 | -2.2% |
| Amounts payable after more than one year | 17 | €3,288,898 | €3,177,418 | -€111,480 | -3.4% |
| Financial debts | 170/4 | €2,968,898 | €2,857,418 | -€111,480 | -3.8% |
| Other amounts payable | 178/9 | €320,000 | €320,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €521,873 | €551,021 | +€29,148 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €109,111 | €111,480 | +€2,369 | +2.2% |
| Other amounts payable | 47/48 | €412,762 | €439,541 | +€26,779 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,521 | €89,521 | = | 0.0% |
| Other operating charges | 640/8 | €6,008 | €5,454 | -€554 | -9.2% |
| Gross operating margin | 9900 | €151,976 | €164,650 | +€12,674 | +8.3% |
| Operating profit (loss) | 9901 | €56,447 | €69,675 | +€13,228 | +23.4% |
| Financial income | 75/76B | €1,106 | €1,259 | +€153 | +13.8% |
| Recurring financial income | 75 | €1,106 | €1,259 | +€153 | +13.8% |
| Financial charges | 65/66B | €81,785 | €83,550 | +€1,765 | +2.2% |
| Recurring financial charges | 65 | €81,785 | €83,550 | +€1,765 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,232 | -€12,616 | +€11,616 | +47.9% |
| Income taxes | 67/77 | - | -€6,058 | -€6,058 | |
| Profit (loss) for the period | 9904 | -€24,232 | -€6,558 | +€17,674 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,232 | -€6,558 | +€17,674 | +72.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.